Morning routine
I do have the habit to check the market when I wake up, while having breakfast and watching cartoons with my son, and today was nothing different in my routine. The Bitcoin price is the first thing I check, as the whole market is linked to BTC and the price fluctuations.
I moved on and checked my wallets and portfolio and when I opened Coinbase I noticed that the Reward tab was updated and I can earn $6 from a new opportunity. Upon checking, users can earn $6 worth of UMA by watching three short videos and answering the quiz.
Earn UMA on Coinbase Earn
The new Coinbase Earn opportunity is visible for everyone but not available for everyone. Some will be added on the waiting list and if you are familiar with the Earn waiting list, you know that a place on the waiting list doesn't mean you will become eligible for the reward. UMA went live in 2018 as the creation of Allison Lu and Hart Lamburt, ex-traders of Goldman Sachs after a $4 million funding from Bain Capital Ventures, Blockchain Capital, Box Group, Coinbase Ventures, Dragonfly Capital, FinTech Collective, and Two Sigma Ventures. The ICO took place in April 2020 on Uniswap at $0.26 per UMA. You will need a Coinbase account to access the EARN opportunities and using a referral link and depositing and buying $100 worth of crypto will reward new users with $10 worth of Bitcoin (BTC).
UMA role is to manage derivatives and the protocol creates the infrastructure required by developers to deploy and manage derivatives systems and DeFi financial products on the Ethereum Network. The infrastructure is created to support the trade of synthetic assets with minimal use of on-chain price information from oracles. UMA can be used to create collateral-backed synthetic assets linked to stocks, shares or precious metals. UMA means Universal Marker Access, as the protocol aims to simplify the entry into the derivatives trading.
Investors can use UMA to lock assets into the smart contract and create derivatives. The collateral will be monitored by liquidators and disputers. The innovative system was implemented to create more stability in the DeFi ecosystem by ensuring that collateralization happens without the aid of on-chain price feed.
All UMA holders can participate into the UMA Governance, so earning your share from Coinbase makes you part of the project. Developers can create new derivatives while holders can participate in governance and earn UMA rewards.
New Listings on Coinbase
In the last week, Coinbase listed ADA, STORJ and ANKR. The new listings are making the available list of crypto even bigger, creating a wider range of choice for customers.
Storj (STORJ) is similar to Siacoin (SIA), as it powers a decentralized cloud storage network. The Ethereum token is in charge with the smooth running of the Tardigrade network, where users can upload file that are than broken down and distributed globally on independent nodes. The file or data will be puzzled back together when requested, the process being secure and under full privacy.
Ankr (ANKR) is the native token of the ANKR Network. The ERC-20 token is used to power a network that creates an affordable place for developers to deploy and create DApps.
ADA and the POS (proof of stake) consensus Ouroboros are used to validate transactions at a fraction of energy cost compared with other cryptocurrencies, with unparalleled security and stability.
Residual Income:
Join Coinbase and earn $10 BTC
DeFi bounty at CakeDeFi with $30 DFI for new users
The fountains: PipeFlare ZCash, GlobalHive ZCash & Get.ZEN
Publishing bundle: Publish0x, ReadCash, LBRY & Presearch
Residual Income:
Join the CakeDeFi revolution and get $30 worth of DeFiChain (DFI)
Check MAIAR, Elrond Gold (eGLD) new wallet, for $10 cashback
Get 100 TNC tokens (no strings attached) on Aladdin Exchange
Amazon author page: PV Mihalache
Quality Faucets: Free-Litecoin , FreeBitcoin & Stakecube
Tier 4 referral system: Horizen (ZEN) & ZCash from PipeFlare & GlobalHive
FreeCryptos Gang: DASH, TRX, ETH, ADA, BNB, LINK, NEO, BTC & LTC
I earn crypto for reading and writing on Publish0x and ReadCash, watching videos on Lbry.tv and surfing online on Brave Browser and Presearch. I use Swapzone for the lowest fee swaps
Let me know when there is a new coin on Coinbase please.